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Podcast: Your Financial EKGâ„¢ | Retirement Planning | Investment and Wealth Management | Financial Planning
Episode: Average Income in Retirement in 2021 || Retirement Income Strategies & Retirement Income Planning
Description: Average Income in Retirement in 2021 || Retirement Income Strategies & Retirement Income Planning
In this podcast I want to talk about the average retirement income in 2021 and retirement income strategies to help you increase your retirement income and give you confidence in your retirement income planning.
In 2021 the average retirement income for a retired individual was $1,500 in social security retirement income. The average retirement account balance is $164,000 which in turn equates to $864 in retirement income being distributed from retirement savings.
Retirement income strategies are such an important piece to an individual and families retirement income...